Drew Bell | Bell Properties - My Home Group

Drew Bell

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$531,805	$531,805	$629,100
Remaining term (yrs)	28.7	28.7	30.0
Secondary amount	$0	$97,295	$0
Funding fee	$0	$0	$0
Note rate	6.890%	6.890%	7.400%
Blended rate	7.440%	7.681%	7.640%
1st payment	$3,542.03	$3,542.03	$4,355.76
2nd payment	$0.00	$729.72	$0.00
Taxes / mo	$237.75	$237.75	$237.75
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$246.75	$246.75	$125.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$4,193.20	$4,922.91	$4,886.00
Cash to close	$167,195	$69,900	$69,900